LeonardoD

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Joined Italy
Markets Allocation
100 % commodities
Top Mentioned Symbols
CL1! 100% | 2
LeonardoD LeonardoD CL1!, D, Short ,
CL1!: Downtrend reinforced, CL! straight ahead to 35$
49 0 1
CL1!, D Short
Downtrend reinforced, CL! straight ahead to 35$

Possible triple bottom in the next future that throw the oil price in 35$ area. The supports are those shown in the chart above. Except for the 40$ area (psychological support) I don't see relevant blocks before 35$.

LeonardoD LeonardoD CL1!, D, Short ,
CL1!: The light crude oil falling down, without breaks, to 37$
496 5 5
CL1!, D Short
The light crude oil falling down, without breaks, to 37$

The price of the barrels is contained in a clear channel that seems unbreakable for the market. Since the trend is bearish this channel is been respected millimetrically. I can't see other signals that change this trend. Many indicators show us that the market is oversold but the prices continue to run to the bottom. A possible break point for this movement could ...

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USOIL
Crude Oil (WTI)
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CL1!
LIGHT CRUDE OIL FUTURES
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